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US ADP Employment Change News Event – a possible $170 movement on AUDUSD

US ADP Employment Change News Event – a possible $170 movement on AUDUSD

Based on the last 12 ADP Employment Change events in US, we expect a $170 movement on AUDUSD within the next 4 hours.
We expect AUDUSD to trend down for 4 hours because the released value is > 189K

Historical events that allowed us to draw this conclusion

03 Oct 12:15
 
01 Aug 12:15
 
02 May 12:15
 
07 Mar 13:15
 
31 Jan 13:15
 
06 Dec 13:15
 
01 Nov 12:15
 

* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)

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